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Monday, August 31, 2015

ANALYSIS: A flawed US approach to countering IS financing?

Middle East Eye

Military efforts to dislodge
the Islamic State (IS) group from its strongholds in Syria and Iraq
have not yet had the desired effect, in part due to the lack of a
coordinated policy by regional and global actors. The
other major strategy to weaken IS, financial warfare, has been
described as “pathetic” despite numerous international efforts, ncluding
UN Security Council resolutions, an extensive report by the OECD's Financial Action Task Force (FATF), the Manama Declaration on combating the financing of extremism, the establishment of the Counter-ISIL Finance Group in Rome and pressure from the United States.
Financial
crime experts attribute the failure to curb the rise of IS to policy
initiatives and the “stalled war on terrorism financing”.

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Profile

Paul Cochrane is the Media Director and Co-Founder of Triangle Consultants (triangleconsultants.net) in Beirut, where he has lived since 2002. He has written for over 80 publications worldwide, covering business, media, politics and culture in the Middle East, East Africa and the Indian subcontinent. He is also a media commentator, and has appeared on CBS-NYC radio, Canada's CTV and CBC Radio, Press TV, Etejah TV, Future TV, Al Manar, Sahar TV, Today FM Ireland, and South Korea's TBS eFHM radio.